Thursday, June 4, 2020
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Oil Mn-AUG18 17/07/18 | EconAlerts

Technical Analysis – WTI crude oil futures bearish short-term, bullish long-term

WTI crude oil futures plunge near 3-week low; bearish phase holds. WTI futures for August delivery recorded a fresh more than three-week low of 67.56 on Monday, while the sharp bearish run started following the pullback on the 74.64 resistance level last Tuesday. Also, the price plunged below the 61.8% Fibonacci retracement level

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OIL-JUL18H4120618 | EconAlerts

Technical Analysis – WTI crude oil futures is bullish in the short-term

WTI crude oil futures surpasses 23.6% Fibonacci; next resistance at 67.30. West Texas Intermediate futures is on course for a bullish correction and is posting some gains today, following the rebound on the 64.20 support level. The price jumped above the 66.00 handle and the 23.6% Fibonacci retracement level of the down-leg from 72.87

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Oil 05/06/18 | EconAlerts

Technical Analysis – WTI crude oil futures negative outlook

WTI crude oil futures trade below ascending trend line; shift from positive outlook to negative. West Texas Intermediate crude oil futures fell sharply lower during yesterday’s trading session and penetrated the medium-term ascending trend line to the downside. The price reached a fresh two-month low of 64.56, shifting the bullish outlook to bearish. Currently, the price is moving slightly

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Oil 08/05/18 | EconAlerts

Technical Analysis – WTI crude oil futures retreat

WTI crude oil futures retreat following the pullback on 3½-year high of 70.80. West Texas Intermediate (WTI) crude has advanced considerably and recorded a fresh three-and-a-half-year high of 70.80. The price retreated after the bounce off the mentioned level and the short-term technical indicators are endorsing the scenario for a potential bearish

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Oil 02/05/2018 | EconAlerts

Technical Analysis – WTI crude oil futures

WTI crude oil futures remain under pressure; creates a narrow range in near term. WTI futures have been holding within a consolidation area since April 18 with upper boundary the 69.35 resistance level and lower boundary the 67.10 support, while the 20- and 40-simple moving averages in the 4-hour chart are acting as a strong mid-level of

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